Ford Motor Company Deferred Compensation Plan Suspension of Open Enrollment Notice
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Summary
Ford Motor Company has announced that, starting June 2010, open enrollment for its Deferred Compensation Plan will be suspended due to low participation and administrative challenges. This decision, approved by the Compensation Committee, does not impact employees who already elected to defer compensation during June 2009; their deferrals will continue as planned under the existing terms of the Plan.
EX-10.M-1 3 a6182308ex10m1.htm EXHIBIT 10-M-1 a6182308ex10m1.htm
Exhibit 10-M-1
FORD MOTOR COMPANY DEFERRED COMPENSATION PLAN
Suspension of Open Enrollment
On December 9, 2009, the Compensation Committee of the Company’s Board of Directors approved the suspension of open enrollment under the Company’s Deferred Compensation Plan during June 2010 and beyond due to low program participation and high administrative complexity. This action does not affect those employees who elected to defer during June 2009. Such deferrals will continue to be processed in accordance with the Plan.
